The most exciting feature that came with the Verizon iPhone was the inclusion of a mobile hotspot app. The downside? It costs $20 a month? Here's how to get Wi-Fi tethering without paying a monthly fee.

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The process is actually ridiculously simple, but you should know it isn't free. This process will cost you $20, but only once (as opposed to every month, like you'd pay with Verizon and eventually AT&T). Here's how it works:

Second, download the MyWi app from the Cydia store (which you'll find on your jailbroken iPhone). You may have to search for it, but chances are you'll just see it advertised on the Cydia front page. To buy it, you'll need to authorize your account through Google or Facebook and Amazon or Paypal. Once you've purchased MyWi, click the install button in Cydia and it'll install it on your iPhone.

Finally, launch MyWi application from your iPhone's home screen and click the Wi-Fi button up top (the second button from the left). All you have to do is flip the "WiFi Hotspot" toggle and you're ready to connect any other device via Wi-Fi.

What you should probably do is enable WEP security, however, so you're not sharing your connection with just anybody. It still does eat into your data plan, after all. While WEP isn't the most secure, it is better than nothing. You can enable WEP security by tapping the the "WEP Security" button and entering a 10-digit passcode.